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10 Largest Foundations in the World

W. K. Kellogg Foundation

­Believing that "all people have the inherent capacity to effect change in their lives, in their organizations, and in their communities," breakfast cereal magnate Will Keith Kellogg founded the W. K. Kellogg Foundation in June 1930. Throughout his lif­etime, Kellogg donated more than $66 million in Kellogg stock and other investments to the endowment, which today has assets of more than $7.8 billion. During the 2005-2006 fiscal year, the W. K. Kellogg Foundation funded $329 million in grants, including $39 million to areas devastated by Hurricane Katrina.